Wall Street analysts predict that Weatherford International (NYSE:WFT) will announce earnings per share of ($0.22) for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Weatherford International’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.25). Weatherford International posted earnings per share of ($0.32) in the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The firm is expected to report its next earnings results before the market opens on Tuesday, April 24th.
On average, analysts expect that Weatherford International will report full year earnings of ($0.66) per share for the current financial year, with EPS estimates ranging from ($0.79) to ($0.40). For the next fiscal year, analysts expect that the firm will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.80) to $0.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Weatherford International.
Weatherford International (NYSE:WFT) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Weatherford International had a negative net margin of 49.36% and a negative return on equity of 114.20%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) earnings per share.
A number of analysts have recently commented on the company. Cowen set a $5.00 price target on Weatherford International and gave the company a “buy” rating in a report on Friday, April 13th. BMO Capital Markets set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a report on Tuesday, April 10th. Susquehanna Bancshares set a $4.00 target price on Weatherford International and gave the stock a “buy” rating in a report on Monday, April 9th. Jefferies Group upgraded Weatherford International from an “underperform” rating to a “hold” rating and set a $3.00 target price on the stock in a report on Wednesday, April 4th. Finally, Piper Jaffray lowered Weatherford International from an “overweight” rating to a “neutral” rating and set a $2.00 target price on the stock. in a report on Tuesday, April 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $4.73.
In other Weatherford International news, VP Douglas M. Mills sold 17,931 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $4.34, for a total value of $77,820.54. Following the sale, the vice president now owns 238,471 shares in the company, valued at $1,034,964.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas M. Mills sold 6,072 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $4.24, for a total value of $25,745.28. Following the completion of the sale, the vice president now owns 232,399 shares in the company, valued at approximately $985,371.76. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $104,000. Investors Research Corp acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $105,000. State of Alaska Department of Revenue acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $216,000. Icon Wealth Partners LLC acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $266,000. Finally, American International Group Inc. grew its position in shares of Weatherford International by 39.2% in the fourth quarter. American International Group Inc. now owns 65,572 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 18,462 shares during the last quarter.
Shares of Weatherford International stock opened at $2.67 on Thursday. The stock has a market capitalization of $2,633.08, a PE ratio of -2.30 and a beta of 2.34. Weatherford International has a one year low of $2.07 and a one year high of $6.09. The company has a debt-to-equity ratio of -13.21, a quick ratio of 1.19 and a current ratio of 1.74.
Weatherford International Company Profile
Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates its business through the following business groups: Formation Evaluation & Well Construction, Completion & Production and Land Drilling Rigs. The Formation Evaluation & Well Construction business group offers services such as controlled-pressure drilling and testing, drilling, tubular running, drilling tools, integrated drilling, wireline services, re-entry and fishing, cementing, liner systems, integrated laboratory services and surface logging.
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